US coal major Peabody Energy has reported a 29% increase in revenues for the first quarter ended March, driven by an increase in production in both the US and Australia.
Revenues for the first quarter increased from $1.03-billion to $.133-billion, driven by a 26% increase in Powder River Basin shipments, a 17% rise in Western sales volumes, and a 139% and 44% average revenue-per-tonne increases in Australian metallurgical and thermal coal, respectively.
